Insurance for cars that exceed bluebook value?

[Lee]

Just curious if any of you have insured cars that have been 'fixed up" well beyond Bluebook.  I bought a jeep last week, that I already have far more into, than I would collect from insurance if something happened to it.  I talked to my agent and she said that I would have to seek out another company to insure it as an "antique"...although it is 21 years old and she thought they had to be 25 to be considered an antique.   How do people insure newer performance cars that they've poured tons of money into?   
Years ago, I had an 18 year old friend who put thousands of $ into his fixer-upper mustang, then someone hit and totaled it.  He lost his butt on it. Don't wanna be in that spot.

[vaskidmark]

Seems to be law that says it has to be 25+ for qualify for antique status.

As for insuring for the value you think it has?  That's what premiums are for.  Talk with your agent and be willing to pay the extra expense of an appraisal.  Did that when I bought a "classic" car and paid for the privilege of being insured for actual replacement cost.  When it got destroyed by flood I went around with the insurance company for a total of 3 hours before their lawyers understood that the policy was in fact a contract between the two of us, not just an agreement for me to pay premiums.  The rest of the time before receiving a check from tem was spent documenting how few replacement vehicles of the same make, model and year were available and how much they cost.  (I would have had to settle for an older model if not the actual relpacemrnt as mine was from the last year they made thast model.)

Yes, I paid $13K for the vehicle, and got paid $27+K because I was paying for replacement value on a "classic" vehicle.  They calculated the costs and charged accordingly.  I paid the premiums.  The state corporation commission (folks who control the insurance biz) agreed with me and the terms of the contract.

stay safe.

[Doggy Daddy]

Check with Lloyd's of London.  Tell 'em Betty Grable sent ya.   

DD

[Tallpine]

We just have liability on the older stuff.

I worked for a guy whose driver rolled his KW.  This was about 1980 and the KW was a 1960 something.  Keith had replaced/rebuilt the engine, transmissions, and rear ends, but the ins co only wanted to give him a pittance for it.  They finally settled on something like $12K cash and he kept the truck and fixed it up himself.  It basically just had some cab, fender, air intake, and stack damage.

[Brad Johnson]

A list of companies that provide stated value coverage.  No idea how good/bad they rate.

http://www.hotrodders.com/kb/hot-rod-insurance

Brad

[Lee]

Thanks!

[KD5NRH]

(I would have had to settle for an older model if not the actual relpacemrnt as mine was from the last year they made thast model.)

More to the point, everybody else on the planet realized there was a good reason they stopped making the Monza in '80.